Jaret Seiberg – senior policy analyst at the US-based investment and financial services firm Cowen – claimed that Walmart’s potential crypto coin appears to be more agreeable to lawmakers, regulation-wise, compared to Libra.

Reported by Bloomberg on August 5, Seiberg also notified that Walmart’s proposed crypto project possess a few demographic features, which could be more favoured by Democratic legislators – who are looking for another financial infrastructure, devoted to irregular bank users.

Seiberg further noted that while Libra aims to be applicable on a global scale, Walmart seems to have a different vision in minds regarding the scales.

However, Seiberg noted that Walmart’s proposal has a low chance to be automatically authorized by Congress. He explained that, for example, Walmart’s digital coins could potentially create negative effects on small banks and credit unions. However, he believed legislator  would in the end accept Walmart’s proposal.

Seiberg claimed that Walmart’s coin could potentially be a US dollar-pegged stored value card.

Walmart is reportedly not having any detailed plans for the introduction of its crypto project, and currently not going to make use of its freshly-filed patent.